Built in 1999, the Venetian Las Vegas is by no means one of Sin City’s oldest resorts — though it’s certainly one of the largest, having 36 floors and measuring over 475 feet. It’s also home to the second-largest hotel in the world, with 4,049 rooms, 3,068 suites and a 120,000-square-foot casino.
So yes, it’s quite big. But now that the Apollo Global Management (apo) Bought the hotel, as well as its sister property The Palazzo (the tallest building in Nevada) and the Sands Expo Center from its former owner, the late casino magnate Sheldon Adelson, it’s set to grow even bigger.
Apollo has big plans for an even bigger casino
As part of the purchase, Adelson’s Las Vegas Sands Vici Properties sold rights to the land under the facilities for $4 billion and Apollo Global Management bought the facilities for $2.25 billion and changed the name of the Sands Expo convention center to the Venetian Expo.
However, Apollo is planning even bigger changes for the properties, according to a report in Travel and Leisure. The resort’s new CEO, Patrick Nichols, said Apollo plans to “invest north of $1 billion to touch every area of the guest experience.” This is one of the largest investments in an existing property in Vegas history.
Improvements already planned include a new Venetian pool deck, a 47,000-square-foot, $50 million TAO Beach Dayclub in partnership with TAO Group, and the first US location for the Michelin-starred chef and Junior MasterChef Australia” judge Tetsuya Wakuda.
Additionally, celebrated Israeli chef Eyal Shani, a former MasterChef Israel judge, will bring his beloved restaurant chain Miznon to The Palazzo. This will be the first Israeli dining concept in Las Vegas. Next year, Shani will also open HaSalon, which currently has locations in Tel Aviv, New York and Ibiza and is known for combining classic Mediterranean cuisine with a dramatic presentation that includes pyrotechnics.
The renovations are being led by Los Angeles-based design collective RIOS. Launched with a theme based on Venice, Italy, the Venetian features architectural recreations of landmarks such as the Palazzo Ducale, St. Mark’s Square and the Rialto Bridge, and Nichols has stressed that the atmosphere won’t be lost in the upgrade.
“We are a themed hotel and we will always be a themed hotel,” notes Nichols. “It’s what sets us apart, but the ’90s Italy that the Venetian was modeled after has evolved. If we’re able to embrace it through the spirit of Italy and discovery, we won’t look like just another hotel that’s refreshed its rooms.”
More entertainment is on the way
The idea of bringing Shani’s Restaurants came from Michael Gruber, the Property’s Chief Content Officer.
Kicking off this expansion, writer, director and “Hamilton” creator Lin-Manuel Miranda will bring his ongoing impromptu show “Freestyle Love Supreme” to The Venetian showrooms on November 16th and 17th.
In addition, the Company has partnered with Madison Square Garden Entertainment to construct a $1.85 billion MSG sphere, scheduled to open in Las Vegas in time for the November 2023 FIA Formula One World Championship and can accommodate 20,000 guests with 160,000 visitors. square immersive display inside.